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Apply for Grants

Credit Union Development Grants

Credit Union Development grants are available to Cornerstone credit unions in Arkansas, Oklahoma, and Texas, and credit unions may receive one credit union development grant a year. Credit Union Development grants include, but not limited to, the following:

  • Annual Training Calendar - Staff and Volunteer Training Opportunities offered by or through the Cornerstone Credit Union League or industry related organizations. (Southwest CUNA Management School scholarships must be applied for separately.)
  • Credit Union Development Educator Program
  • Planning Sessions
  • Equipment for CU Branches & Offices
  • Hardware and Software Upgrades
  • Mobile Deposit
  • Online Banking
  • Hispanic Outreach Initiatives
  • Audits and Assessments that are not required annually or biennial
    View a complete list of audits and assessments eligible for grant assistance.
Application Deadline Grants Committee Meeting
February 21, 2020 March 4, 2020

Southwest CUNA Management School (SCMS) Scholarship

Thanks to the generous contributions of SCMS alumni and students, Credit Union Resources, Inc., CUNA Mutual Group, and others, scholarships are available for qualified applicants. SCMS Scholarship Application deadline is April 24, 2020.

Chapter Grants

Credit union chapters serve a very important purpose in the credit union movement. They are a source of professional and organizational development, local credit union awareness, and community outreach. Credit union chapters are also a centralized source of connection to credit unions for the community. Chapter grants provide support for the Cornerstone Credit Union League chapter program. Chapters may receive up to $2,000 annually. Chapter grants include, but not limited to, the following:

  • Speakers
  • Planning Sessions
  • Community Outreach and Awareness Programs
  • Experiential Learning Programs such as Reality Fairs, Retirement Fairs, Life Simulations, etc.
Application Deadline Grants Committee Meeting
February 21, 2020 March 4, 2020

Financial Capability Grants

The Cornerstone Credit Union Foundation embraces the credit union philosophy, "People Helping People," with a special emphasis on financial capability and overall financial well-being. Credit unions that offer financial capability programs or services to their members and community may apply for a Financial Capability Grant. Non-profit organizations that strive to improve the financial well-being needs in their community must have a credit union partner engaged in the grant request initiative, and the credit union must apply for the Financial Capability grant on behalf of the partnership.  Credit unions that have applied for a Credit Union Development grant may also apply for a Financial Capability grant. Financial Capability grants include, but not limited to, the following:

  • Community Financial Capability Outreach Programs
  • Financial Education Curriculum
  • Financial Capability Experiential Learning Program Toolkits (i.e. Reality Fair, Retirement Fair, etc.)

Financial Capability grant requests are accepted year-round.

Disaster Relief Grants

Credit unions are known for their quick and generous support of disaster relief efforts. The Cornerstone Credit Union Foundation is able to respond to disasters because of credit unions' commitment to "people helping people." Working together with the National Credit Union Foundation, CUNA, other Leagues, and affected credit unions, funds are distributed directly to those credit union staff and volunteers in need, so they can stabilize their lives and continue to serve their members. Disasters are identified as Fire, Wind, Hail, or Flood damages to an individual’s home or vehicle.

The Process

The Foundation has established a two-phase process when disasters occur:

Phase I emergency grants - available to credit union employees and volunteers to assist with immediate disaster relief needs, such as out-of-pocket costs that may result from being evacuated, insurance deductibles, and initial property repairs.

Phase II grants - intended to assist credit union employees and volunteers with additional significant needs. This is implemented only after the distribution of Phase I grants. This phase begins 90 days after the respective disaster and is dependent on the funds available.

Learn more about the disaster relief program.